Groq, an AI chip startup founded by former Google employee Jonathan Ross, is reportedly in discussions to secure $600 million in new funding. This round would value the company at nearly $6 billion, although the deal remains subject to change.
The potential funding marks a significant increase in Groq’s valuation. In August 2023, the company raised $640 million at a valuation of $2.8 billion. Prior to that, Groq had raised approximately $1 billion. The current negotiations suggest a near doubling of its valuation in roughly one year.
According to Bloomberg, the latest funding round is reportedly being led by Disruptive, an Austin-based firm. A previous funding round in November was spearheaded by BlackRock. Other participants in the earlier round included Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund, demonstrating broad investor interest in Groq’s technology.
In May, Groq revealed an exclusive collaboration with Bell Canada to support the telecommunication company’s extensive AI infrastructure initiative. Before that, in April, Groq partnered with Meta to provide AI infrastructure designed to accelerate Llama 4 inference.
